Redemption by the Managing Owner. Notwithstanding any provision in this Trust Agreement to the contrary, for so long as it shall act as the Trust’s Managing Owner, the Managing Owner shall not transfer or redeem any of its General Interests to the extent that any such transfer or redemption would result in the Managing Owner and/or its Affiliates having less than a one percent (1%) interest in the Trust.
Appears in 4 contracts
Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Series A), Declaration of Trust and Trust Agreement (World Monitor Trust Series B), Declaration of Trust and Trust Agreement (Diversified Futures Trust I)
Redemption by the Managing Owner. Notwithstanding any provision in this Trust Agreement to the contrary, for so long as it shall act as the Trust’s Managing Owner, the Managing Owner shall not transfer or redeem any of its General Interests to the extent that any such transfer or redemption would result in the Managing Owner and/or its Affiliates having less than a one percent (1%) % interest in the Trust.
Appears in 3 contracts
Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series E), Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series D), Declaration of Trust and Trust Agreement (World Monitor Trust Ii Series F)
Redemption by the Managing Owner. Notwithstanding any provision in this Trust Agreement to the contrary, for so long as it shall act as the Trust’s 's Managing Owner, the Managing Owner shall not transfer or redeem any of its General Interests to the extent that any such transfer or redemption would result in the Managing Owner and/or its Affiliates having less than a one percent (1%) interest in the Trust.
Appears in 2 contracts
Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Series A), Trust Agreement (World Monitor Trust Series B)
Redemption by the Managing Owner. Notwithstanding any provision in this Trust Agreement to the contrary, for so long as it shall act as the Trust’s Managing Owner, the Managing Owner shall not may transfer or redeem any of its General Interests without notice to the extent that any such transfer or redemption would result in the Managing Owner and/or its Affiliates having less than a one percent (1%) interest in the TrustLimited Owners.
Appears in 2 contracts
Samples: Trust Agreement (Brookshire Raw Materials (U.S.) Trust), Trust Agreement (Brookshire Raw Materials (U.S.) Trust)
